Regional Development Bank

April 2016 Climate Finance Update: Key Meetings Mobilize Action, Adaptation Put under the Spotlight [viewed]

climate_finance_april_20161 May 2016: In the Paris Agreement, agreed upon by 195 UN Member States in December 2015, countries agreed to make “finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.” Developing countries will receive financial resources for both mitigation and adaptation actions, while developed countries are expected to continue to lead in mobilizing climate finance from a variety of sources, with public funds playing a significant role in reaching the previously agreed US$100 billion annual target by 2020. Monthly IIDS RS Climate Finance Updates aim to help track multilateral financing to support the finance goal agreed under the UNFCCC, which will in turn contribute to the implementation of Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts).

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March 2016 Climate Finance Update: Fund Boards Meet, Carbon Markets Under the Spotlight [viewed]

march2016_climate_finance7 April 2016: In the Paris Agreement, agreed upon by 195 UN Member States in December 2015, countries agreed to make “finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.” Developing countries will receive financial resources for both mitigation and adaptation actions, while developed countries are expected to continue to lead in mobilizing climate finance from a variety of sources, with public funds playing a significant role in reaching the previously agreed US$100 billion annual target by 2020. Monthly IIDS RS Climate Finance Updates aim to help track multilateral financing to support the finance goal agreed under the UNFCCC, which will in turn contribute to the implementation of Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts).

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Sustainable Energy Finance Update: Majority of 2015 Renewables Investment Went to Developing Countries [viewed]

energy_finance_review20151 April 2016: When governments adopted the Sustainable Development Goals (SDGs) in September of last year, they agreed to a goal of ensuring access to affordable, reliable, sustainable and modern energy for all (SDG 7) by 2030. In a separate Goal, SDG 17, they set out targets for the means of implementation (MOI) necessary for achieving the SDGs. As the focus shifts from "the year of decisions" to "the year of implementation," the MOI necessary for achieving SDG 7, as well as the other Goals, are receiving greater attention. This update examines recent news related to finance MOI, with a view to identifying what governments and intergovernmental actors are doing to mobilize renewable energy, energy efficiency and energy access finance.

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Event: Africa Carbon Forum 2016 [viewed]

The Eight Africa Carbon Forum (ACF) will inform participants on the latest investment, finance and development opportunities relating to climate change. Issues for discussion include: opportunities for Africa in a post-Paris global landscape; policy options and opportunities for transformational development in the region presented by Nationally Determined Contributions (NDCs); innovative projects, programmes and investment opportunities for climate-resilient development, such as the Africa Renewable Energy Initiative and African Initiative on Adaptation and Loss and Damage; sources of climate finance and how to access them, including market-based approaches to sustainable development; results-based financing; and cooperative initiatives under the Nairobi Framework (NF) Partnership, which aims to improve the level of participation of developing countries, especially those in sub-Saharan Africa, in the Clean Development Mechanism (CDM). The ACF is organized by the Nairobi Framework partners, including the UNFCCC, the UN Environment Programme (UNEP) along with the UNEP DTU Partnership (UDP), the International Emissions Trading Association (IETA), the World Bank and the African Development Bank (AfDB). The Forum will bring together climate change focal points, project developers and policymakers, as well as representatives from financial institutions, CDM Designated National Authorities (DNAs), the private sector, non-governmental organizations (NGOs), multilateral agencies, the media and other stakeholders.  

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February 2016 Sustainable Energy Finance Update [viewed]

february2016_energy1 March 2016: During the month of February, the African Development Bank (AfDB), the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Nordic Environment Finance Corporation (NEFCO) and the World Bank announced sustainable energy project funding and initiatives. In addition, the Inter-American Development Bank (IDB) and EIB released publications related to finance and the clean energy sector, and AfDB, EBRD and the World Bank reported on events highlighting sustainable energy solutions.

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February 2016 Climate Finance Update [viewed]

february-climate-finance201629 February 2016: During the month of February, the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Climate Investment Funds (CIF) and the World Bank, among others, reported on new funding and other climate finance news in the areas of, inter alia, climate and disaster risk reduction (DRR), smart cities, green bonds, and technology transfer and development. The Partnership for Market Readiness (PMR), EIB, the Green Climate Fund (GCF) and the Adaptation Fund released publications.

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Morocco Advances INDC Targets with Opening of Solar Power Plant [viewed]

morocco4 February 2016: In June 2015, the Government of Morocco submitted its intended nationally determined contribution (INDC) to the UNFCCC, announcing targets of reducing its greenhouse gas (GHG) emissions by 32% by 2030 compared to business-as-usual (BAU) projected emissions and reaching over 50% of installed electricity production capacity from renewable sources by 2025. In a significant step toward these goals, the first phase of the Noor-Ouarzazate concentrated solar power (CSP) plant became operational in February 2016.

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Event: Asia Clean Energy Forum 2016 [viewed]

The 11th Asia Clean Energy Forum (ACEF) will provide the opportunity to: share best practices in policy, technology and finance to meet the region's climate and energy security challenges, and knowledge exchange through discussions about clean energy. The ACEF aims to: facilitate knowledge sharing among clean energy practitioners in Asia; highlight innovative approaches to packaging and scaling up clean energy initiatives; and take stock of progress made in advancing the clean energy agenda in Asia. Participants will include representatives from governments, national and multinational banks, carbon and clean energy investment funds, academia, civil society, and development partners and other international organizations, as well as project developers and service providers, and environmental regulators. The event is being organized by the Asian Development Bank (ADB), the US Agency for International Development (USAID) and the Korea Energy Agency.  

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Guest Article #139: Building Climate Resilience through Technology Transfer and Innovation [viewed]

The recent historic agreement achieved at COP 21 in Paris resulted in unprecedented momentum for tackling climate change – including scaling up action on climate change adaptation. Climate resilience on a wide scale can only be achieved with the engagement of the private sector. While climate change affects all parts of the world, developing countries are particularly vulnerable. Technology transfer is therefore believed to be key in supporting countries to improve their resilience.

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Event: 2016 AFDB Annual Meetings [viewed]

The 2016 Annual Meetings of the African Development Bank (AfDB) will convene under the theme 'Energy and Climate Change,' which draws on one of the Bank's 'High 5' priority areas, namely to 'Light up and Power Africa,' and reflects the Bank's New Deal on Energy and decisions emanating from the recent UN Climate Change Conference in Paris in December 2015. The Bank's Annual Meetings are its largest annual event, bringing together approximately 5,000 participants, and featuring around 40 official events in addition to the Annual Meeting of the Board of Governors. The Meetings enable representatives of government, business, civil society and media to discuss the social and economic development of Africa.  

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